Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
'It begins with integrity'
MOSES LAKE — When Simon Ribellia started painting homes at age 15, he wasn't planning on making it a full-time car…
World shares mixed as new virus cases loom amid reopenings
BANGKOK (AP) — Shares were mostly lower in world markets on Tuesday as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies.
Saudi Aramco Q1 profits of $16B as virus impacts earnings
DUBAI, United Arab Emirates (AP) — Saudi Aramco, the kingdom's energy producer, announced on Tuesday a net income of $16.7 billion for the first three months of the year and dividends of $18.75 billion for sharehol…
Tokyo Olympics closing 5 souvenir shops; downsizing another
TOKYO (AP) — Five official Olympic merchandise shops in Tokyo will close by early June with business hindered by the coronavirus pandemic and the games being postponed until next year, organizers said Tuesday.
'Tale of 2 outbreaks': Singapore tackles a costly setback
KUALA LUMPUR, Malaysia (AP) — Weeks after two of his roommates were diagnosed with COVID-19, Mohamad Arif Hassan says he's still waiting to be tested for the coronavirus. Quarantined in his room in a sprawling fore…
Back in recession, Greece puts faith in digital overhaul
ATHENS, Greece (AP) — Greece plans to rapidly expand government digital services in 2020 to try and slim down its notoriously slow-moving bureaucracy and help the country exit its pandemic recession more quickly.
Honda sinks deeper into quarterly losses on virus outbreak
TOKYO (AP) — Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, as the damage to the industry from the coronavirus outbreak hurt sales and crimped production.
As nations reopen, warning emerges about virus tracing voids
NEW YORK (AP) — A top world health official Monday warned that countries are essentially driving blind in reopening their economies without setting up strong contact tracing to beat back flare-ups of the coronaviru…
Arkansas professor accused of not disclosing ties to China
LITTLE ROCK, Ark. (AP) — The University of Arkansas has suspended an electrical engineering professor without pay after he was arrested on an allegation that he failed to disclose that he had close ties with the Ch…
'Foretaste' of Brexit: Virus cuts off much of UK farm labor
LONDON (AP) — Britain's fruit and vegetable farmers have
Virus unleashes wave of fraud in US amid fear and scarcity
WASHINGTON (AP) — A 39-year-old former investment manager in Georgia was already facing federal charges that he robbed hundreds of retirees of their savings in a Ponzi scheme when
Object lesson on a fickle virus frames hearing on reopening
WASHINGTON (AP) — Nobody planned it this way, but a Senate hearing on reopening workplaces and schools safely is turning into a teaching moment on the fickle nature of the coronavirus outbreak.
IRS sets deadline for relief payment by direct deposit
The Treasury Department and the IRS are urging taxpayers who want to get their economic impact payments directly deposited to their bank accounts to enter their information online by Wednesday.
Toyota profit drops on virus outbreak but recovery expected
TOKYO (AP) — Toyota Motor Corp. reported Tuesday a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its auto plants.
Tesla CEO Musk restarts California factory amid lockdown
FREMONT, Calif. (AP) — Tesla CEO Elon Musk confirmed Monday that the company has restarted its California factory, a move that defied local government orders involving measures to contain the coronavirus.
Australia faces 'sobering' future economy due to coronavirus
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is re…